Posts by Ashlee Hecksel

Financial Planning for Millennials Looking to Meet Wealth Goals

Millennials financial planning

Millennials aren’t looking for an allowance anymore — we’re looking to get started with financial planning. Why? Because we’re now full-blown adults in the workforce, with financial goals of our own. Many millennials (defined as ages 23-38 in 2019) are beginning to invest in order to meet their financial goals. As a millennial myself, I…

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What is the Appropriate Asset Allocation for Your Investment Portfolio?

According to many studies published over the past 25 years, a significant portion of investment returns are determined by how investors allocate their assets versus security selection, market timing, and other factors, including style within asset classes (value vs. growth), and fees. Therefore, how an investor allocates their investment portfolio among stocks, bonds, and cash…

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Estate Planning Basics and Avoiding Probate With A Living Trust

One of the most important parts of the financial planning process is estate planning. Many people mistakenly believe that estate planning is only necessary for the wealthy.  In reality, a basic estate plan is essential for everyone in order reduce uncertainty, eliminate unnecessary costs, and reduce stress for loved ones after a death. Estate Planning…

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How Does The Illinois Estate Tax Affect You?

As we approach year end, it is important to review how your family may be impacted by an Illinois tax that does not receive much media attention: the Illinois estate tax. Illinois is one of twelve states to have its own estate tax separate from the federal estate tax. Estates that are exempt from the…

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Retirement on the Horizon: A Financial Planning Checklist

Retirement planning checklist

Retirement is one of the biggest events you will experience in your lifetime and requires you to have a retirement checklist to plan your finances correctly. Starting that next phase of life brings about significant changes, both personally and financially. Financial freedom and security in retirement does not just happen. Retirement planning takes time, carefully…

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